By Banafsheh Zand
The increasingly tightening U.S. economic sanctions against the leaders of the Islamic regime in Iran is compelling the Khomeiniists authorities to become further beholden to Russia and China; thus, exposing their unfitness and failure in implementing effective policies that would benefit the country.
In Tehran, it was announced that the regime will borrow two billion dollars from Russia, and another five billion dollars has, in principle. Mohammad Mehdi Mofatteh, the rapporteur of the ad-hoc budget review committee in the Islamic parliament (Majles), said the panel also gave the government the green light to secure up to $30 billion in finance from “foreign lenders”.
The question is how a rich country like Iran ends up having to go begging to a country that has always had nothing more than grabby imperialist intentions toward Iran and Iranians.
During the Imperial Russian era, the Qajar kings who reigned in Iran, took out a loan from the Czar, which led to catastrophic results.
The regime has announced that they welcome anyone importing dollars from abroad. The regime hopes that with such an action, foreign currency will enter the country. But its amount will definitely be negligible, and only Iranians living abroad and returning for family visits, or a small number of foreign tourists who consider Iran one of the cheapest tourist destinations, will bring a few dollars into the country.
The main problem is that major exporters do not return much of the dollars received, to Iran because they feel that the regime is on the brink of collapse and it is better to keep their capital in foreign banks.
On the other hand, importers of essential goods also receive dollars at a cheap rate from the government and pocket a part of it. They sell these dollars either at black market rates, which means much higher price, or send them to foreign banks for their rainy day.
It is believed that this foreign currency scarcity will increase day by day, and the time when the regime does not have enough foreign currency to import public necessities, is not far off.
Two questions remain: The first is, how much Russia and China are willing to lend to the Islamic regime in order to prevent its collapse; the second question is, what price will the Iranian people, ultimately have to pay for 40 years of the Khomeiniist regime’s vainglory?